Builders FirstSource has priced an offering of $300 million aggregate principal amount of its 4.250% senior notes due 2032. The notes will form part of the same series as the $1 billion aggregate principal amount of 4.250% senior notes due 2032 issued on July 23, 2021, according to the company. The price to investors will be 100.500% of the principal amount of notes.

The dealer intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its senior secured ABL facility and to pay related transaction fees and expenses. According to the company, consummation of the offering of the notes is subject to market and other conditions.

Dallas-based BFS operates in 42 states with approximately 580 locations and has a market presence in 85 of the top 100 MSAs. The company provides value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. BFS also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products. The dealer has expanded recently through its mega-merger with BMC Holdings and its acquisitions of Michigan-based John’s Lumber. Arizona-based Cornerstone Building Alliance, and New England-based National Lumber. In September 2021, the dealer acquired California TrusFrame, LLC, a designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses, and wall panels, and Apollo software assets from bankrupt construction technology startup Katerra.